Most readers would already be aware that CoStar Group's (NASDAQ:CSGP) stock increased significantly by 11% over the...

CoStar Group, Inc. (Nasdaq: CSGP) ("CoStar") today announced that the underwriters have exercised their option to purchase an additional 343,511 shares of CoStar’s common stock at $655.00 per share, in addition to the 2,290,076 shares of CoStar common stock, which were purchased on May 20, 2020. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. The sale of the overallotment shares is expected to close on March 28, 2020, subject to customary closing conditions. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions it determines to pursue in the future, to finance the growth of its business and for working capital and other general corporate purposes.

Tapestry Inc Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords. Mall operators collected only 15% of April rent and trends are looking worse for May, according to CenterSquare Investment Management, which specializes in real estate. After a decade of change that has shaken up the U.S. retail landscape and driven some out of business, Zeitlin says mall rents need to fall anyway for retailers' brick-and-mortar strategies to make sense.

Q1 2020 CoStar Group Inc Earnings Call

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CoStar Group Inc. (NASDAQ: CSGP), a company that provides commercial real estate information and analytics, has purchased Ten-X LLC, the real-estate digital transaction platform, for $190 million.What Happened CoStar has purchased Ten-X, owner of ten-x.com, a website for real estate transactions with up to $24 billion in sales executed on the platform.CoStar's CEO Andrew Florance stated, "Together, Ten-X and CoStar plan to create a new end-to-end commercial real estate platform, combining LoopNet and CoStar's unmatched online audience of buyers, with Ten-X's clear leadership in online auctions for both performing and distressed assets."Why It Matters CoStar Group stated that it is the operator of the most heavily trafficked online marketplaces for commercial properties and land for lease and sale in North America and Europe. It had 10 million monthly visitors on its websites LoopNet.com and CoStar.com, as of April 2020.Ten-X has emerged as a "trusted online platform for bankers" across the United States. Financial institutions using the platform include the Federal National Mortgage Association (OTC: FNMA), Bank of America (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM). Ten-X Commercial's 2019 unaudited financial statements indicate revenue of approximately $57 million. Revenue for Q1 2020 stood at $13 million, an increase of 35% compared with Q1 2019. Operating profit was nill. The transaction is expected to be closed in Q3 2020 and will not have a material impact on CoStar Group's adjusted EBITDA for the year.Price Action CoStar shares traded 0.81% higher at $620 in the after-hours session on Wednesday. The shares had closed the regular session 3.42% lower at $615.02. See more from Benzinga * Intelsat Files For Bankruptcy, Plans To Participate In Federal Spectrum Auction * Trump Surprised By Fauci's Senate Hearing Comments, Calls Them Not 'Acceptable' * Toyota Sees Coronavirus Silver Lining, Says It Became More Productive(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

CoStar Group, Inc. (Nasdaq: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced the CoStar Awards Quarterly Deals winners for the first quarter of 2020.

NEW YORK, NY / ACCESSWIRE / April 28, 2020 / CoStar Group, Inc. (NASDAQ:CSGP) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 28, 2020 at 5:00 PM ...

CoStar Group, Inc. (Nasdaq: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, is donating 2,300 KN95 air respirator masks to VCU Health in support of the fight against COVID-19. The masks will be used by providers, nurses and other team members engaged in patient care to minimize the spread of COVID-19.

Andy Florance became the CEO of CoStar Group, Inc. (NASDAQ:CSGP) in 1995. This analysis aims first to contrast CEO...

Foxtail Coffee Co. LLC seeks approvals to build out a 1,920-square-foot SoDo location at 2453 S. Orange Ave., a former home to Seattle-based Starbucks Corp. (Nasdaq: SBUX), according to city of Orlando permits. The buildout may cost $300,000, and the general contractor is Winter Springs-based R.B. Marks Construction Inc. There's no opening date set yet, but construction is expected to begin in May, Foxtail co-owner Alex Tchekmeian told Orlando Business Journal. The coffee chain — which has more than a dozen Central Florida locations — also is in talks for a 1,844-square-foot space at One South Orange in the urban core.

LoopNet – the most heavily trafficked commercial real estate marketplace online – launched CoTour, a virtual co-browsing space for tenants, owners and brokers to conduct business online, in response to the current needs of customers and the industry.

CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended March 31, 2020, was $392 million, an increase of 19% over revenue of $328 million for the first quarter of 2019. Traffic to CoStar Group’s information and marketplace platforms, Apartments.com, CoStar, LoopNet, Lands of America, Realla, and Belbex reached record levels in the first quarter 2020 both individually and in aggregate with an average of 55 million total, monthly unique visitors, up from 49 million monthly unique visitors in the first quarter of 2019.

It's been a good week for CoStar Group, Inc. (NASDAQ:CSGP) shareholders, because the company has just released its...

CoStar (CSGP) delivered earnings and revenue surprises of 7.02% and 1.11%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

CoStar Group, Inc. (NASDAQ: CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it plans to acquire Ten-X for $190 million in cash.

CoStar Group, Inc. (Nasdaq: CSGP) ("CoStar") announced today that it has upsized and priced its offering of 2,290,076 shares of its common stock at a price of $655.00 and granted the underwriters in the offering a 30-day option to purchase up to an additional 343,511 shares of its common stock at the same price. The offering was upsized from the previously announced aggregate offering price of $1.25 billion to an aggregate offering price of $1.5 billion. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. The offering is expected to close on May 26, 2020, subject to customary closing conditions. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions it determines to pursue in the future, to finance the growth of its business and for working capital and other general corporate purposes.

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CSGP earnings call for the period ending March 31, 2020.

CoStar Group, Inc. (Nasdaq: CSGP) ("CoStar") announced it has commenced a public offering of $1.25 billion of its common stock. CoStar expects to grant the underwriters in the offering a 30-day option to purchase an additional $187.5 million of its common stock. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions it determines to pursue in the future, to finance the growth of its business and for working capital and other general corporate purposes.